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20121219
20121219
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portfolio manager at nuveen asset management. >> susie: hi, bob. nice to see you again. >> thanks, susie. >> susie: so investors and traders really do seem to think that a deal is coming, like our previous guest, roger altman. is this rally all about hopes for a deal or something nore fundamental? >> it is about hope for a deal. the malaise and the lack of confidence and the uncertainty has been pervasive, as you well know, susie. that has held corporations back from doing things, from spending money, and some individuals as well. as roger said a few minutes ago, if we can clear the air with some sort of fiscal cliff deal, i think that does lift the opportunity for the economy to grow a bit. >> susie: what if there isn't a deal? does that mean there is going to be a sell-off or a correction in the markets? >> i think the hype in the recent days that a deal is coming is certainly responsible for the rally. i think if there is no deal, and the probabilities of that have gone down, thankfully, but if there is no deal, i still think we're not going to go off some nasty cliff that people are
Search Results 0 to 0 of about 1